Cadence Minerals PLC Macarthur Minerals Update (6379E)
May 09 2017 - 10:00AM
UK Regulatory
TIDMKDNC
RNS Number : 6379E
Cadence Minerals PLC
09 May 2017
Cadence Minerals Plc
("Cadence Minerals" or "Cadence")
Cadence Exercises Warrants in Macarthur Minerals
Cadence Minerals Plc (AIM/NEX: KDNC; OTC: KDNCY) has today
exercised its remaining 7,500,000 warrants in Macarthur Minerals
Limited ("Macarthur" or the "Company") at an exercise price of
CAD$0.05, for a total consideration of CAD$375,000. This exercise
of warrants will increase Cadence's interest in Macarthur Minerals
to 20.3%.
Andrew Suckling, Executive Chairman of Cadence Minerals,
commented:
"Cadence Minerals sees its strength as financially supporting
emerging lithium exploration and development companies with
excellent growth potential, as we have done and continue to do so
with both Bacanora Minerals Limited and European Metals Holdings
Ltd, the owners of the Sonora and Cinovec Lithium Projects
respectively. We see tremendous potential in Macarthur Minerals
large lithium exploration portfolio in Western Australia and we are
particularly encouraged by Macarthur Minerals' significant lithium
results recently reported from their Lida Valley play in
Nevada."
For further information please
contact
Cadence Minerals plc +44 (0) 207 440 0647
Andrew Suckling
Kiran Morzaria
WH Ireland Limited (NOMAD
& Broker) +44 (0) 207 220 1666
James Joyce
James Bavister
Square1 Consulting +44 (0) 207 929 5599
David Bick
Brian Alexander
About Cadence Minerals:
Cadence is dedicated to smart investments for a greener world.
The planet needs rechargeable batteries on a global scale -
upcoming supersized passenger vehicles, lorries and buses - require
lithium and other technology minerals to power their cells. Cadence
is helping find these minerals in new places and extracting them in
new ways, which will meet the demand of this burgeoning market.
With over GBP40 million vested in key assets globally, Cadence is
helping us reach tomorrow, today.
Cadence invests across the globe, principally in lithium mining
projects. Its primary strategy is taking significant economic
stakes in upstream exploration and development assets within
strategic metals. We identify assets that have strategic cost
advantages that are not replicable, with the aim of achieving lower
quartile production costs. The combination of this approach and
seeking value opportunities allows us to identify projects capable
of achieving high rates of return.
The Cadence board has a blend of mining, commodity investing,
fund management and deal structuring knowledge and experience, that
is supported by access to key marketing, political and industry
contacts. These resources are leveraged not only in our investment
decisions but also in continuing support of our investments,
whether it be increasing market awareness of an asset, or advising
on product mix or path to production. Cadence Mineral's goal is to
assist management to rapidly develop the project up the value curve
and deliver excellent returns on its investments.
This information is provided by RNS
The company news service from the London Stock Exchange
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